THE STAR Saturday 14 February 2015

StarSpecial

SOUTHERN
PROPERTY

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Award-winning development boasts luxurious green lifestyle > 4

In light of GST > 24

2 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

An artists impression
of the Kuantan
Waterfront Resort City.

Greater heights on the east coast

I

NVESTORS can look forward

to exciting investment
opportunities in the coastal
town of Kuantan, also known as
the gateway to the east coast.
About 2km from the Kuantan
town centre, a multi-billionringgit project dubbed Kuantan
Waterfront Resort City in Tanjung
Lumpur is taking shape rapidly.
The project will be built on a
piece of reclaimed land measuring
about 202ha. It is designed to be
the first integrated resort, leisure
and entertainment destination
within the seafront living enclave.
Piling works for two 29-storey
towers in the heart of the resort
city has officially commenced.
The state-of-the-art and luxurious
skyscrapers fronting the sea will
provide a panoramic view of
sunrise over the South China Sea
as well as a spectacular night view
of the town.
Besides the two main
structures, the project will
comprise an elegant Waterfront
Services Hotel, Boutique
Resort & Spa, Waterfront Suite
Residences, residential areas
(landed properties, floating villas,
bungalows and villas, serviced
apartments and condominiums),
commercial and business
properties, and convention,
medical and health centres.
Kuantan Waterfront Resort City is
an integrated city of its own.
The prestigious project is a joint
effort by Newston International
Group Sdn Bhd and Ideal Heights
Development Sdn Bhd. It is set to
change the landscape of Kuantan
with construction to be executed
in five stages over a period of
10 years.
According to Ideal Heights
Development managing director
Heap Wei Guan, Tower B of
the Imperium Residence that
comprises studios (405sq ft or
37.6sq m) and family suites (860sq
ft or 79.9sq m) is already open for
bookings.
Heap says that 75% of the 350
units have been taken up so far,
notably by Malaysians residing in
the three east coast states.
This speaks volumes of our
latest venture in terms of investor
confidence and marketability.

The family suite is designed to strike a balance between luxury and modernity.
Tower A will be open for
booking by the middle of this
year and we expect a heightened
interest from investors residing
in other parts of the country,
particularly from the Klang Valley
and Johor, he says, adding that
all units are designed to balance
modernity and luxurious living in
accordance with the trend of the
millennium.
The luxury suites towers, a

The elegant studio suite.

waterfront retail complex and a

property gallery are now in the
first phase of development and are
expected to reach completion by
the end of 2017.
Other planned developments
include construction of the
tallest commercial tower in the
east coast (59 storeys), a fivestar seafront resort with hotel
and MICE (meetings, incentives,
conferences and exhibitions)

facilities, the biggest cruise liner

terminal in the east coast, the first
and biggest marine life park with
water attractions, a world-class
medical and health care hub, and
integrated parks and recreational
networks.
Upon completion, the project
will be divided into nine precincts.
They are KWRC business park,
marina walk, marina green
basin, city of lights flagship
entertainment hub, Kuantan
International Cruise Terminal
and Yacht Club, MICE, waterfront
living, sea front living and marina
health care park.
Ideal Heights is not new to
the construction sector. Having
started operations back in
December 1985, it has since
successfully developed more than
3,000 properties in Malaysia.
Among its notable projects
are the multi-million-ringgit
township project in Bukit Idaman,
Selangor, Taman Villamas in
Sungai Buloh, Idaman Villa in
Cheras, and Taman Puchong
Impian 2 and Sri Puchong Techno
Park in Puchong.
All these projects have been
fully completed and sold. Heap
says that its latest project will
be a catalyst for rapid growth in
Kuantan and the entire east coast
region under the Special Economic

Zone of the East Coast Economic

Region master plan.
Kuantan Waterfront Resort
City is set to bring about economic
and social growth, particularly in
the tourism sector. Therefore, it
will benefit the state and locals in
terms of revenue, job opportunities
and spillover activities.
Early birds stand to gain much
from an attractive package, which
includes special discounts, free
legal fees for both the sales and
purchase agreement and loan
agreement, one free parking space
for studio suite and two parking
spaces for family suites, a free fully
furnished unit, seven nights stay
per year and complimentary club
membership.
It is anticipated that each unit
owner will stand to reap between
6% and 7% in returns per annum
based on a leaseback concept.
In addition, one of the leading
global hotel management
companies, Swiss-BelHotel
International, which has more than
150 hotels worldwide under its
belt, will be managing the hotel
to deliver high-quality facilities,
personalised services and warm
hospitality to all guests.
n For more information, call
09-534 2288, log on to
www.kwrc.com.my

Saturday 14 February 2015

StarSpecial 3

4 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

Award-winning development
boasts luxurious green lifestyle
C

OMBINING the best in

architectural innovation,
master planning and
landscape design, Horizon Hills is
a self-contained township set in
a lush green, gated environment
in Nusajaya within Iskandar
Malaysia, Johor.
Being a matured township in
Nusajaya, Horizon Hills is one of
the most sought-after addresses
in the southern region and a
preferred township for the elite.
Horizon Hills has a resident
profile of mainly mid- to highincome people from more than
40 different countries, most of
whom are expatriates. The foreign
residents who have established
their families in this refined
community include those from
Japan, the United States and the
Middle East.
The houses are built in small
clusters to encourage community
interaction amid the generous
provision of parks, lakes and open
spaces.
Besides boasting thematic
gardens, wetlands and a 30km
cycling path network, the 1,200acre (485.6ha) freehold township
also features an 18-hole designer
golf course.
The golf course, measuring
200 acres (80.9ha), with 12km
golf front exposure is carefully
designed in the valley to preserve
existing gullies and slopes.
Recreation is one of the standout features of Horizon Hills. Its
resort club caters to the residents
recreational needs with facilities
such as a gymnasium, dance
studio, swimming pool, tennis
courts, restaurants and lounges.
The houses are located on
higher ground since Horizon
Hills is developed on original
undulating elevated terrain.
The residences linked,
cluster homes, semi-detached
or bungalows are arranged in
north-south orientation with
minimum exposure to the evening
sun.
Interested investors and home
owners can expect low-density
development with just five units
per acre as well as large lot sizes
and built-up areas.
Additionally, the streets have
low traffic volume, generous road
shoulders and wide back lanes
that ensure privacy, safety and
convenience. There are also no
T-junction units.
Horizon Hills is conveniently

An aerial view of Horizon Hills.

accessible via the North-South
Highway, Malaysia-Singapore
Second Link, Perling Expressway
and the Coastal Highway.
It is a 15-minute drive to
Singapore via the JB Causeway
and Tuas Second Link. It is also
about a seven-minute drive from
Nusajaya Catalyst Development
where places of interest such as
Legoland, Puteri Harbour, Educity
and Pinewood Iskandar Studio are
located.
Horizon Hills is a joint venture
development between Gamuda
Land and UEM Sunrise with a
total gross development value of
RM6bil. Completion of the project,
which started in 2007, will take
10 to 12 years.
The project was initially
planned to take 20 to 25 years for
completion. However, due to the
overwhelming sales response,
the completion date has been
forwarded.
So far, about 2,000 units have
been completed. The first two
phases of the development The
Gateway and The Golf have been
completed and handed over to the
owners since 2009.
Additionally, Horizon Hills
Golf and Country Club (HHGCC),
a signature development that sits
at the heart of Horizon Hills, has
been completed and is currently in
operation.
Horizon Hills is a multi-award
winning development. Among
its achievements are winning
the prestigious CNBC Residential
Property Awards for Best Golf
Development category in Asia
Pacific Region in 2009 and Top 5

This 18-hole designer golf course of Horizon Hills.

The 200-acre golf course will please even the most discerning golf enthusiast.
Hospitality Asia Platinum Awards
Golf Course of the Year 2010-2012.
Additionally, Horizon Hills
enjoys high capital appreciation
that has been recognised within
the highly competitive property
development industry.
The project has been awarded
The Edge-PEPS Value Creation
Excellence Award in 2012 as
well as last year for sustaining
the highest property value
appreciation of up to 200% within
five years.
Horizon Hills was planned
based on Gamuda Lands quality
pillars that include designing for
quality of life, healthy lifestyles
being reflected in the landscape
design, community-focused
residence and various amenities
that cater to all needs as well as
safety and security through its
thorough security system.
Below are the new quality
pillars that Horizon Hills is built
upon:
Innovative design
Gamuda Lands township and
developments are well-crafted
to complement the natural
environment to meet world-class
standards in pursuing long-term
holistic living solutions.
Holistic well-being Gamuda
Land believes in a healthy living
environment and employs

Horizon Hills
latest launches
THERE are 11 residential
precincts, each unique in
its own natural settings
and features. Four of these
precincts are Horizon Hills
latest available units:
The Hills
Two- and three-storey
bungalows
Price from RM3.9mil
The Valley West
Double-storey linked houses
Price from RM834,800
The Cove
Two- and three-storey
cluster houses
Price from RM1.6mil
Two- and three-storey semidetached houses
Price from RM2mil
DSuites Condominium
From 628sq ft (58.3sq m) to
1,487sq ft (138.15sq m)
Price from RM465,800

world-class expertise upkeep

for its on-going environmental
preservation efforts.
Community living Gamuda
Land recognises the importance
of community living, hence its
masterplan concepts promote a
social and balanced lifestyle.
Assured security Gamuda
Land understands that peace
of mind is important and
developments are thoughtfully
planned to ensure safety in every
aspect.
Ecological sustainability
Gamuda Land upholds the
integrity of a natural ecosystem
by providing surroundings and
features that are designed to
encourage residents to enjoy the
beauty of the outdoors.
Horizon Hills is an exclusive yet
accessible township with roundthe-clock dedicated guard patrol
and well-planned roads.
Residents in this meticulously
planned development can
expect a safe and self-contained
community living that is
surrounded by a lush landscape
and wetlands.
Every detail of the township
is designed to ensure the highest
quality of life for residents.
n For more information, visit
gamudaland.com.my/horizonhills/

Saturday 14 February 2015

StarSpecial 5

6 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

Your home in green paradise

S

P Setia has earned a solid

reputation as a leading
developer of quality and
innovative products ranging
from award-winning townships
to business and industrial hubs.
Its landmark developments are
sited in every major market centre
in Malaysia, including Iskandar
Malaysia.
Iskandar Malaysia is the most
rapidly developing area in the
south of Peninsular Malaysia
where living, entertainment,
environment and business come
together to form a progressive
metropolis.
Its location offers many
beneficial features:
A 20-minute drive from Johor
Baru City via the EDL Expressway
A 20-minute drive from
Singapore via the Causeway link
Connectivity to the NorthSouth Expressway Southern Route
via Exit 255C and linked to the
Tebrau Highway
Easy access to amenities such
as Aeon, Tesco and Carrefour
hypermarkets, Sunway College
and Sultan Ismail Hospital

A vibrant and
verdant township
Bukit Indah township
epitomises S P Setias
LiveLearnWorkPlay development
philosophy with excellent
educational, commercial and
lifestyle opportunities.
The distinguishing feature
of the township is the awardwinning landscaping that
comprises parks, gardens and
streetscape, including an awardwinning 20-acre town park.
Thus, Bukit Indah provides
residents with a green, peaceful
environment that encourages
community living.
Being only a 10-minute
drive from the city centre and a
10-minute drive from Singapore

An artists impression of Setia Eco Cascadia which showcases modern living at its best.
make Bukit Indah one of the
most sought-after addresses in
Johor Baru.
Residents also have easy
access to a network of roads,
inter-city highways as well as
the main North-South Highway
via the Bukit Indah interchange.

Living life at
luxurious heights
Setia Sky 88 is the most
sought-after address in Iskandar
Malaysia. This luxurious
high-rise offers two zones of
exclusive facilities, one at level
nine and the other at level 53

a stunning 200m above ground

where luxury is taken to lofty
heights.

Modern living
Setia Tropika showcases
modern living at its best. Its
signature feature is the striking
contemporary architecture that
gives homes a modern twist.
Besides being superbly
comfortable, it is set amid
a beautifully landscaped
environment within proximity
to Setia Tropikas vibrant central
business district, an integrated
commercial hub with a wide

spectrum of amenities.
The area is linked to the NorthSouth Highway, which ensures
easy accessibility to one of the
fastest growing developments
in Johor Baru.

One with nature

Setia Eco Cascadia presents an
opportunity for residents to live in
a unique eco-friendly township.
The majestic waterfalls
surrounding the development
paint a picturesque scene and the
soothing sounds of nature drown
out the hustle and bustle of city
life. In an effort to create a natural

Bukit Indah.

An artists
impression of a
Setia Eco Cascadia
park.

An artists impression
of Setia Sky 88.

and holistic ecosystem, 15% of the

total land area is reserved for the
cultivation of flora.
One of the many eco-friendly
features is the linear garden concept
that links the residential rear gardens
to a network of dazzling green parks.
The town parks of Setia Eco
Cascadia allow residents to
experience a deeper connection with
nature.
Pebbled walkways shaded by tall,
leafy trees and manicured landscapes
are among the many wonderful
features of this green paradise.
n For more information, visit www.
spsetia.com.my

Saturday 14 February 2015

StarSpecial 7

8 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

Grand living at resort township

S

PREAD across 1,200 acres

(485.6ha) of lush greenery
in the Pengerang region,
Sebana Cove Resort is the only
resort township that encompasses
residential and commercial
parcels that are enhanced by an
exclusive private marina and an
18-hole golf course.
The residential parcel
encompasses 10 exclusive
precincts - The Estuary, The
Forest, The Golf Greens, The
Botany, The Woodville, The Grove,
The Golf Sanctuary, The Fairway
Golf Villas, The Classic and The
Waterfront.
Each precinct is gated and
guarded and is unique as it is
designed with its own theme
to complement its natural
surroundings.
At Sebana Cove Resort,
residents can enjoy living by
the waterfront, playing golf on
pristine fairways and experience
nature in all its wonder. These are
in fact the three thematic lifestyle
options that residents can choose
at Sebana Cove Resort.
Sebana Cove Resort has two
clubhouses with a wide range of
facilities for residents to enjoy.
The Balinese-inspired Marina
Clubhouse and a 60-room resort
hotel connect to the serene marina
via a landscaped boardwalk.
The Marina Clubhouses variety
of facilities include a leisure pool,
childrens pool equipped with
a slide, tennis courts, outdoor
badminton and basketball courts,
a sauna, an indoor and outdoor
gym, a playground, restaurants,
cafes, banquet halls and function
rooms.
The marina is capable of
berthing 100 vessels and is
equipped with an immigration
checkpoint area at the harbour
masters building to ease clearance
for foreign residents and visitors
arriving by sea.
Designed by world-renowned
golf course architect Ted Parslow,
the golf course at Sebana Cove
Resort covers 220 acres (89ha) and
maintains the natural landscape
and terrain wherever possible.

Prime location
Perhaps the greatest advantage
of Sebana Cove Resort is its
location in the Pengerang region.
Pengerang is also home to the
Refinery and Petrochemical
Integrated Development (Rapid)
project, which is part of the
Pengerang Integrated Petroleum

Sebana Cove Resort Marina.

Large windows are a common feature in the villas.

Entertain in style in the spacious living room.

Building
thriving
communities

The kitchen is
perfect for cooking
a family feast.

Complex (PIPC). Upon its

completion in 2019, Rapid is
expected to become the biggest
oil and gas refinery complex in
Malaysia with the capacity to
produce 300,000 barrels of oil
per day.
It will also give the region
a major boost in growth and
investment and is poised to be
the next investment hotspot
in Johor. Rapid is expected
to employ more than 50,000
staff and this bodes well for
Sebana Cove Resort as it will be
able to benefit from the many
expatriates who will be looking
for a luxurious place to live in
the area.
Sebana Cove Resorts
strategic location makes it
easily accessible via road and
sea. It is approximately an
hours drive from the Customs
and Immigration Complex and
approximately a 70-minute
drive from the Second Link via
the Senai-Desaru Highway.
A ferry ride to Sebana Cove

Resort from the Changi Ferry

Terminal and Tanjung Belungkor
takes approximately 30 minutes.
The new car ferry service is
scheduled to be operational by
early next year, which will further
ease the waterway connectivity.

Successful launch of
Phase 1
The Fairway Golf Villas, Phase
1 of Sebana Cove Resort consists of
50 residential villas with land area
of between 5,488sq ft (509.8sq m)
and 13,765sq ft (1278.8sq m) and
built-up area of between 3,100sq
ft (287sq m) and 4,415sq ft (410.1sq
m) with a selling price of RM1.4mil.
The Fairway Golf Villas are
nestled around the golf course
within a gated and guarded
neighbourhood. The exclusive culde-sac is designed to emphasise
road safety and privacy.
Villas are equipped with eco
features that comprise large
windows, a rainwater harvesting
system, double volume ceilings,

roof insulation, green-tinted glass

to reduce heat, porous openings
for cross ventilation and sunshading louvres to minimise glare
with magnificent streetscapes and
perfectly landscaped driveways.
In addition, each Fairway Golf
Villa comes with balconies that
provide residents with a stunning
view of the perfectly manicured
golf course. The Fairway Golf
Villas were launched in October
last year and it was a great success
as all units in Phase 1 were fully
sold out. Limited units of Phase 2
are now available for sale.
Sebana Cove Resort redefines
luxurious living at its best. With
a pristine 18-hole golf course,
a 60-acre (24-ha) marina and
a resort hotel, it is no wonder
Sebana Cove Resort is the ultimate
leisure gateway.
n The property gallery and show
units are open daily from 10am
to 5pm. For more information,
contact 07-710 2118, 1800 221 456
or visit www.sebanacoveresort.com

SEBANA Cove Resort is the

latest brainchild of one of
Malaysias premier property
developer, IJM Land. It is also
the biggest project that IJM
Land has undertaken in the
southern portion of its land
bank.
IJM Lands business is
driven by a strong sense
of responsibility and is set
apart from its competitors
by its passion, innovative
spirit, drive for excellence
and sustainable practices.
The organisations design
and build philosophy is
about providing quality
experiences and delivering
value to its customers.
Over the years, IJM
Land has built its portfolio
to include townships,
sustainable developments,
iconic waterfront
communities, luxury
homes, landed and highrise residences, and office
and commercial properties
across the Klang Valley,
Penang, Seremban, Johor,
Sabah and Sarawak.
The organisation has
also made its presence
felt internationally with
developments such as the
NTCC Dong Nai in Vietnam,
the Yin Hai Complex in
China and the Royal Mint
Gardens in the United
Kingdom.

Saturday 14 February 2015

StarSpecial 9

10 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

Exclusive and niche

commercial development

INCE its inception in 1985,

Mah Sing Group Berhad has
been at the forefront of the
property market in Malaysia.
Over the years, it has become
synonymous with successful,
innovative and trend-setting
townships.
Mah Sings residential and
commercial development projects
are set in prime locations all over
Malaysia and have cemented
the groups position as a premier
lifestyle developer.
The developer has proved its
versatility with a diverse range of
projects, from medium- to highend landed residential properties
to office buildings, SoHos and
industrial projects. It is also a
pioneer of en-bloc sales of Grade A
buildings and corporate offices in
Malaysia.
Mah Sing benchmarks itself
globally as it aims to become
a world-class developer while
delivering quality-driven products
and services to its customers. Last
year, Mah Sing Group was named
one of the Top 10 Developers 2014
by the BCI Group and received one
of the Top 10 Developers Awards.

Unique development
concept
One of Mah Sings latest
developments is DConcept @
Austin Perdana. This freehold
commercial development,
which consists of five-storey
shop premises, is located in the
township of Mount Austin, Johor
Baru. This is a highly populated
residential area with excellent
accessibility.
The DConcept units have a
modern faade with a 26-foot
(8m) frontage. There is a pillar-free
walkway and high ceilings in front
of all the units. The development
consists of 36 units that measure
26ft x70ft (8x21.5 metres) with a
built-up area of 8,890sq ft
(825.9sq m).
The development concept
of DConcept @ Austin Perdana
is ideal for home improvement
specialists, interior design firms,
brand and furniture showrooms,
electrical retail shops and other
businesses along a similar vein.
The units are also suited to food
and beverage outlets, al fresco
eateries, banks and other services.
Additionally, there will be a
7,800sq ft (724.6sq m) multipurpose exhibition centre
that will be an ideal venue for
showcasing products and services
and for hosting promotion events.
The space is also available for rent
for private functions.
The whole development has
a lush and inviting ambience. It
comprises landscaped piazzas and
water features that serve to attract

An artists impression of DSquare @ Austin Perdana.

Spacious interior for relaxing and socialising.

customers to the area for their

leisure activities.
DConcept @ Austin Perdana
is covered by an excellent
security system. There is a CCTV
system and regular patrols
by security guards to ensure
the safety of businesses and
customers.
In addition, each unit has
a private lift and an exclusive
parking space 10 of the 550
parking bays will be made free
for business owners.
DConcept @ Austin Perdana
is accessible via major highways
(Jalan Tebrau, Pasir Gudang
Highway, Senai-Desaru Highway
and the Coastal Highway).
It is situated adjacent to
residential developments such
as Austin Heights, Taman Mount
Austin, Taman Setia Indah,
Taman Daya, Desa Tebrau and
Taman Molek.

Warm interior to create a welcoming atmosphere.

The development is
approximately a 35-minute drive
from Sultan Ismail International
Airport and a 15-minute drive
from Customs and Immigration
Quarantine Complex through
Eastern Dispersal Link towards
Singapore.
Surrounding amenities include
shopping malls (Aeon Tebrau
City, Aeon Big, Tesco), educational
institutions (Sunway College, private
and international schools), financial
institutions (Hong Leong, RHB,
Public Bank, Maybank) and hospitals
(Sultan Ismail General Hospital,
Regency Hospital, KPJ Hospital).
DConcept @ Austin Perdana is
set for completion by October this
year. The starting price for units is
RM3.31mil.
n For more information, call
07-355 4888 or visit
www.mahsing.com.my

DConcept @ Austin Perdana is a great place to have business meetings.

Saturday 14 February 2015

StarSpecial 11

12 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

An artists impression of the landscape and streetscape in Laman Beringin that encourage outdoor activities.

Ideal place to call home

L

OOKING for a home to fit

your requirements can
often be a tedious task,
especially when you are trying
to house a growing family and
find a place that suits your
lifestyle.
With the rise of several
developments in Iskandar
Malaysia, Johor Baru, the
southern region of Malaysia
offers practically priced
properties set in strategic
locations within bustling and
well-developed townships.
I&P Group has developed
several residences that offer
affordability and convenience
to its residents.

Laman Beringin
THERE are two types of
double-storey terrace houses
available in Laman Beringin. The
specifications are listed below.
Type A: 24 x 75

Land Area: 1,800sq ft

(167.23sq m)

Built-up area from:

1,845sq ft (171.41sq m)

4 bedrooms with
3 bathrooms

21 units available
Type B: 24 x 73 & 24 x 75

Land Area: 1,752sq ft

(162.77sq m) and

1, 800sq ft (167.23sq m)

Built-up area from:

1,917sq ft (178.1sq m)

4 bedrooms with
3 bathrooms

50 units available

Taman Rinting
Launched in 1982, Taman
Rinting is located 12km from
Johor Baru and the Causeway,
with direct access to the Pasir
Gudang Highway and the
Eastern Dispersal Link (EDL).
With an impressive land area
of 831 acres (337ha), Taman
Rinting is set to have a total of
1,358 units and an expected
population of 6,790.
Residents who wish to
commute to Pasir Gudang and
Johor Baru will find Taman
Rinting a highly preferred
location with high capital
appreciation.
With so much land available
in the area, a vibrant and
progressive future awaits Taman
Rinting as more opportunities
arise from the completion of
mega infrastructure.
Residents have access
to popular retail outlets
such as the newly opened
Mydin hypermarket located
within Taman Rinting, Tesco
hypermarket and Todays
Market, which are located just
five minutes away and are

An artists impression of the Type A double-storey terrace house in Laman Beringin.

popular choices for locals.
All these add to the appeal of
living in Taman Rinting.
The welfare of residents is also
taken care of as they can seek
high-quality medical care at the
Regency Specialist Hospital.
Taman Rinting is also known
to have produced some of the
states top scholars who have
consistently emerged as the top
achievers in Johor.
Small and light industries are
spread out across its commercial
areas, making life at Taman
Rinting a perfect venue for
those who seek a harmonious
community.
There are two primary schools,
one secondary school and one

religious school located in

the development.
Further development will
see shop offices and a mixed
residential province, adding to the
facilities already provided
at Taman Rinting.

Laman Beringin
Laman Beringin provides
abundant amenities to
accommodate the needs of a
rapidly growing community. It
is a well-planned development
designed to meet the needs and
comfort of the whole family.
Comfort is an important
criterion to look out for when
purchasing property to turn into a

family home and Laman Beringin

brings several modern needs
together to create such a home.
Strategically located near
Sekolah Kebangsaan Taman
Rinting 3 and SMK Taman Rinting
2, residents can be assured of
having access to high-quality
education for their children
without having to travel out of
Taman Rinting.
Laman Beringin at Taman
Rinting is also conveniently
located less than 20km away from
the North-South Highway and
Senai-Desaru Highway.
It is also a mere 16km away
from the custom and immigration
quarantine complex on the
Southern Integrated Gateway.

Pasir Gudang, Permas Jaya and

the Tebrau Highway are all less than
10km away.
It is easy to feel at home at
Laman Beringin with the serene
environment surrounded by lush
greenery. Safety is also taken into
account with a neighbourhood
police station within the area.
In addition, there are KFC,
McDonalds and Subway outlets
among the many food and beverage
choices you can make while eating
out.
You will not have to leave the
area to find something different;
everything you need is within
reach.
Education, entertainment and
accessibility make Laman Beringin
an ideal place to call home, and the
perfect place for your children to
learn, play and grow in happiness.
n For more information, visit
www.inp.my

Saturday 14 February 2015

StarSpecial 13

14 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

HE economic corridor of
Iskandar Malaysia in Johor
Baru has been eyed by
property buyers and investors
from around the world, including
those seeking properties for
residential or commercial
purposes.
Iskandar is an emerging prime
real-estate location and there
are many perks to Iskandar since
it offers an array of incentives
catered to investors and
companies who are looking to set
up base in the region.
To meet the demand
for commercial properties,
particularly in the office sector,
D Pristine Medini Sdn Bhd (a
wholly owned subsidiary of B&G
Capital Resources Berhad) has
ventured into Medini in Iskandar
with its integrated mixed-use
development called dPristine @
Medini.

Top-notch corporate
offices in Medini

Grade A corporate office

tower
The development project is
managed by MCT Consortium
Berhad. It comes with a gross
development value of RM1.8bil
and will consist of two SoFo
Towers of 36 and 37 storeys.
It will house small office
flexible occupancy (SoFo) units,
a four-star hotel comprising
300 rooms, a lifestyle mall and
a 32-storey Grade A corporate
tower.
The 8.42-acre (3.4ha)
development is located near
Iskandar Malaysias top
destinations. It is situated directly
across from Legoland and is
within close distance to Pinewood
studios, Kota Iskandar and the
Mall of Medini.
Adjacent to the development
are health facilities such as
the Temasek and Khazanahs
Urban Wellness Centre and the
Gleneagles Hospital.
When people think of the
projects in Iskandar Malaysia, they
usually do not think in terms of
the flagship zones, which have
different selling points, says
MCT executive director Datuk Soo
Kai Chee.
dPristine Tower, which will
house Grade A office suites, will
come with three different layouts
ranging from 901sq ft (83.7sq m)
to 1,671sq ft (155.2sq m).
The office suites will be
located on the lower floors while
office spaces that take up an entire
floor space of more than 20,000sq
ft (1,858sq m) will be located on
the higher floors, says Soo.
Priced from RM650 per square
feet for an entire floor office unit
and RM750 per square feet for an
office suite, purchasing a unit at
dPristine Tower also comes with
its various tax incentives such

The main entrance of dPristine@Medini.

as a 10-year company income
tax exemption for selected
businesses operating in Medini,
the exemption of RPGT, as well as
the absence of a minimum price
threshold for foreigners wishing to
purchase property.
The developers are trying to
attract foreign investors, especially
small and medium enterprises
(SME) and multinational
corporations for investment or
commercial purposes.
Its always a major point for
foreigners to invest in Iskandar
Malaysia to push the areas steady
development and transform it
into a world-class international
metropolis, says Soo.
dPristine Tower is expected to
be completed by early 2018.

Green tower
dPristine Tower will
incorporate various green features
that comply with standards set
by the Green Building Index, says
Soo.
The green offices are designed
with open-air corridors that
optimise fresh air quality and
natural lighting while minimising
energy consumption needed for
air-conditioning and lighting.
Energy consumption in the
building is further reduced with
energy-saving fittings such

An artists impression of the gym and pool view.

as LED (light-emitting diodes)

and energy-saving light bulbs
complete with picture and
motion sensors as well as water
pumps with a frequency inverter
controller.
Other than the rain water
harvesting system, the building
will also be equipped with
centralised air-conditioning
that uses a chilled water system
and carbon dioxide monitoring
system to maintain a good indoor
environment quality.

Security, mechanical and

electrical services
dPristine will be highly
secured with its multi-tiered
security system devised to assure
confidence among occupants of
dPristine Tower, says Soo.
The security system comes
with a computerised card access
system for lifts to dedicated floors,
round-the-clock security patrols,
closed-circuit television (CCTV)
surveillance cameras, direct
communication lines to security
personnel, security checkpoint
for all points of entry from the car
park to the floor and panic buttons
installed in the car park and at
every walkway of the buildings.
The destination control system
for lifts will minimise waiting
time while enhancing security

Sky lounge.

Location map.
level. dPristine Tower is also
fitted with a fibre-optic cable
backbone system to support
high-speed broadband services
and power supply system as
a two-way alternative power
source to provide back-up in
instances of electricity power
breakdowns.

Blend of facilities and

excellent connectivity
dPristine Tower comes fully
equipped with a myriad of
top-notch amenities to meet
the needs of a commercial
environment and provide a
good workplace.
There will be a patio for
all al fresco leisure activities,
a childcare centre managed
by qualified childcare

professionals, partitioned meeting

rooms available for rent that can be
converted into auditoriums with a
capacity of 200, concierge services
and ample car parking as well
as valet parking. Located just off
the coastal highway, the strategic
location of dPristine enables ease of
access and excellent connectivity.
The development is also located
within short walking distance to an
upcoming transportation hub.
It is a 15-minute drive from
the Tuas Checkpoint (Malaysia
Singapore Second Link), a 20-minute
drive to Johor Barus city centre
and a 25-minute drive to the Senai
Airport.
n For enquiries on dPristine Tower,
call 03-5115 9901 or
07-509 0967 or visit
www.dpristinetower.com

Saturday 14 February 2015

StarSpecial 15

16 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

Fine living in urban township

N

EGRI Sembilan-based
property developer Matrix
Concepts Holdings Berhad
(MCHB) has a strong track
record of developing quality
and affordable residential and
commercial properties since its
incorporation in 1997.
MCHB has completed
21,000 units of residential and
commercial properties. Its flagship
townships Bandar Seri Sendayan,
Seremban, and Taman Seri
Impian, Kluang, are augmented
by standalone projects that will
propel the growth of the group
over the next decade.
Inspired by its vision to be a
caring and community developer,
MCHB has diversified its business
into sustainable property
investments.
The developers completed
projects, which cover
approximately 2,482ha of land in
Negri Sembilan and Johor, have a
gross development value worth
RM6bil to date.
Though the developer has faced
some challenges in the southern
region, the competition is still
healthy, as evidenced by the
success of the Kluang Indah and
Delima 3 developments.
One of the reasons MCHBs
developments continue to do well
among purchasers is because
the developers strive to meet
their customers demands and
expectations in terms of modern
and convenient design.
MCHB is focused on building
affordable and high-quality
residential and commercial
properties that meet the
demand for medium-to-highend properties. Our strength
lies in, among other things, our
marketing strategies delivering
end-products ahead of schedule,
good customer service and a team
of committed and capable people,
says Datuk Lee Tian Hock, MCHBs
group managing director and chief
executive officer.

Urban township
MCHBs flagship township
Taman Seri Impian in Johor is set
to continue the developers legacy
of success. This project is the
result of a joint venture between
MCHB and Koperasi Kemajuan
Tanah Negeri Johor Berhad.
Taman Seri Impian is an
integrated commercial and
residential township located on

The two-storey semidetached home in

Taman Seri Impian.

a township that provides a

nurturing environment for
families to grow.
This development certainly
has appeal in terms of its
strategic location, green
surroundings and community
living. Furthermore, this new,
well-planned development is
backed by a strong developer
with a good reputation.
Taman Seri Impian is set to
be a great mixed development
not only in terms of residential
and commercial units but also
in the fact that it will attract a
diverse community.
For the residential areas,
MCHB targets the mass market
and government officers (mainly
for the linked houses) as well as
white collar workers and highincome earners (mainly for the
semi-detached and bungalow
residential units).
The targets for commercial
areas are businesses,
government offices and
co-operations.
n For more information, visit
seriimpian.com.my or
www.mchb.com.my
The two-storey bungalow in
Taman Seri Impian, Kluang.
900 acres (364.2ha) of land and is
the first of MCHBs two flagship
projects.
This new township consists
of 3,640 completed shops and
houses. It comprises residential,
commercial, recreational and
institutional units, and now has
an 85% occupancy rate. These
elements were designed to ensure
the sustainability of the township.
Located near Kluang city
centre, Taman Seri Impian is easily
accessible from Kuala Lumpur and
Johor Baru via the North-South
Expressway and from the rest of
Johor from major highways.
Kluang is located in the middle
of the southern state of Johor
and within a short distance from
several other towns. To the west

of Kluang is Batu Pahat (57km),

to the east of Kluang is Mersing
(100km), to the south of Kluang
is Johor Baru (75km) and to
the north of Kluang is Segamat
(78km).

Convenient living
There are currently 69 shoplot
units that include mini markets,
restaurants, convenience stores,
learning centres and other
amenities, with room for much
more.
There is still great potential
for growth the township is new
and can only expand further as it
matures. Though being close to
Kluang town, Taman Seri Impian is
surrounded by lush greenery and
oil palm land, giving it potential
space to expand.
There is a variety of

recreational facilities nearby such

as a lake garden and recreational
park. Gunung Lambak, which is
510m above sea level, is located
just a stones throw away from
Taman Seri Impian.
The development is also
served by national and vernacular
schools.
MCHB has reserved plots of
land in Taman Seri Impian for
facilities such as:
Bus terminal
Government institutions such as
public libraries and health centres
Market
Fire station
Private medical centre
Post office
Police station
Religious institutions
Shopping complexes

Good choice for investment

As a community developer,
MCHBs vision for Taman Seri
Impian is to provide sustainable
property investments and create

Specifications
of Taman
Seri Impian
development
Residential
There are currently 3,571
completed units:
Phase 1: 788 units
Phase 2: 952 units
Impiana Garden/Modena:
597 units
Impiana Villa: 161 units
Impiana Kopketa: 320 units
Impiana Casa 1: 465 units
Impiana Casa 2: 288 units
There are 731 units under
construction:
Impiana Bayu 1: 603 units
Impiana Heights: 128 units
Commercial
There are 69 completed units:
Impiana Avenue 1 & 2
There are 26 units still under
construction.
New launches
l Impiana Bayu 2 doublestorey linked home (22ftx75ft
or 6.7ftx22.9m) with the
built-up area of 2,093sq ft
(194.45sq m) and 2,500sq ft
(232.26sq m).
l Impiana Square
two-storey shop office and
three-storey shop office.

Morning view of
Bandar Seri Impian.

Saturday 14 February 2015

StarSpecial 17

18 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

An aerial view of Bandar Dato Onn, Johor.

Refined, artistically
designed township
B

ANDAR Dato Onn, a premier

urban residential and
commercial space developed
by Johor Land Berhad (JLand),
epitomises refined, serene living.
JLand views the homes in
this township as assets that will
appreciate in value as time goes
by. The township, which is set
to be a community of 90,000
residents, is well-connected and
self-contained with excellent
infrastructure, making it a
sustainable community.
This development is one of
many successful projects by JLand.
What sets this developer apart
is its emphasis on quality and
focus on designs that marry form
and function to create living and
working spaces that stimulate
creativity and provide peace of
mind.
A member of the Johor
Corporation Group of Companies,
JLand has more than 3,000 acres
(1214.1ha) of development land
strategically located in Johor Baru,
Pasir Gudang, Ulu Tiram, Senai
and Tampoi, which will sustain
the groups property development
activities for at least the next
20 years.

Vibrant community living

Bandar Dato Onn spans
1,514 acres (612.70ha) and has
been meticulously designed for
comfort, accessibility, recreation
and networking.
The township has also been
designed with safety and security

Bandar Dato Onn is designed for comfort and recreation.

Specifications of
BOnn Hill Villas

Qaseh 1 showcase house.

in mind. The houses are guarded
24 hours a day and there is a
multi-tiered security system that
is enhanced by patrols.
Located 12km from the
Johor Baru city centre, this new
township is easily accessible from
the North-South Highway as well
as eastern and western trunk
routes. It is also accessible via an
interchange that provides direct
access to the township.

Exclusive bungalows
The BOnn Hill Villas in Bandar
Dato Onn features two types of
bungalows that have their own
signature styles Qaseh and Serra.
All homes have been built and
designed in accordance with the
Green Building Index.
Each type of bungalow

comes in two distinct

personalities:
Qaseh 1 urban resort
mansions
These bungalows have been
designed for luxury living.
They feature a modern and
contemporary faade of eyecatching layers and sleek lines.
The interior spaces exist in
harmony with each other, with
abundant private and common
spaces. The living room, for
example, is wide and spacious
for entertaining guests, while
corridors lead to smaller enclaves
that are perfect for private family
time.
Qaseh 2 tropical resort
mansions
These houses are suited to

Tenure: freehold
Property type: bungalow
Built-up area: 3,882sq ft
(360.6sq m) to 4,498sq ft
(417.9sq m)
Lot size: 60ftx110ft
(18.3mx33.5m), 80ftx110ft
(24.3mx33.5m)
Bumiputera discount: 15%
Number of units: 32
Number of bedrooms: 5 + 1
Number of bathrooms: 6
Expected completion date:
October 2016
owners who want to be a part of
nature and who prefer faades
that are more minimalist in style.
The houses feature natural stones
and clean lines.
The design also allows for
plenty of light and air in the
home. All houses have high
ceilings with windows that are
selectively positioned and wide
doors that allow for plenty of cross
ventilation. The glass used is
high-quality heat-deflecting
tempered glass.

Serra 1 classic resort

mansions
Designed with clean lines and
an immaculate structure, these
bungalows have artistic faades.
They have been designed for
both form and function the
interiors maximise usable space
and are open to natural light and
ventilation.
There are many windows and
sliding doors that open the house
up to the outdoors.
There is also plenty of privacy
amidst the practicality the living
room is intentionally located at
the back of the house so that it
opens out to a luxurious garden.
Serra 2 modern resort
mansions
These bungalows have been
designed for resort living. The high
ceilings and numerous windows
give the interior a luxurious,
bright and modern feel.
Located in a private enclave
within the lush landscape of the
township, it is designed for home
owners with a discerning need for
form and function that blend with
green living.
n For more information, visit
www.jland.com.my

Saturday 14 February 2015

StarSpecial 19

20 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

Modern business centre

offers investment opportunities
U

DA Holdings Berhad was

first established by the
Malaysian government in
1971 and has come a long way
since its inception as the Urban
Development Authority (UDA).
Originally responsible for
promoting planned urban
developments and elevating
bumiputra participation in urban
areas, the company has since been
corporatised and was listed on the
Kuala Lumpur Stock Exchange in
1999 as UDA Holdings Berhad.
Today, UDA operates as a
private company owned by the
Ministry of Finance Incorporated.
The companys development
arm, UDA Land, overlooks
the growth of sustainable
developments across Malaysia
and constantly explores new
possibilities to meet the needs
of both the community and its
stakeholders.
UDA Lands success
in pioneering new town
developments and urban renewal
across the country has contributed
immensely to the nations social
and economic landscapes.

Ideal location
UDA Lands latest property
development project is Neuvo
Centro, a commercial development
located in Zone A of Bandar UDA
Utama.
Neuvo Centro consists of 33
units of three-storey shop offices
and is set to attract several types
of business. The development can
accommodate restaurants, mini
markets, banks, boutiques and
much more.
It will be an ideal place for
services such as laundrettes and
tuition centres as it has a highpopulation residential catchment
area that includes Taman Perling,
Taman Nusa Bestari, Taman
Tan Sri Yacob and Taman Sutera
Utama.
Neuvo Centro has excellent
accessibility via the Second Link
to Singapore, Kota Iskandar, the
North-South Highway and to
many main highway routes that
link to the rest of Johor Baru.

An artists impression of the shop offices at Neuvo Centro.

Neuvo Centro has high
potential for growth and
investment as it will serve not
only the surrounding service
apartments and residential
projects but also the matured
townships slightly further afield.

Great investment potential

Convenient design
The Neuvo Centro properties
are designed to be modern and
convenient commercial units that
serve as prime business venues for
business owners and investors.
The units feature:
Column-free walkways at the
ground floor level that are sevenfeet wide
Fully glass frontages on the
first and second floors
Natural lighting and
ventilation with big windows that
can be opened
A great visible frontage that
faces the main road.
Plenty of space has been
provided for facilities such as
parking so that Neuvo Centro will
be able to easily serve the more
than 80,000 households of Bandar
UDA Utama.

An artists impression of the potential services that will be available at Neuvo

Centro.

There are guaranteed

returns for investments in this
development as it is located on
freehold land and has a highpopulation catchment area.
Furthermore, UDA Land aims
to make Neuvo Centro the central
commercial area of Zone A of
Bandar UDA Utama.
UDA Land has a good track
record for developments in this
area all Bandar UDA Utama
commercial projects have sold
out and various community-type
businesses have been set up.

Specifications
of the Neuvo
Centro
development
Modern design with clear
and direct frontage of main
road
Column-free ground oor
corridor, providing
seven-foot walkways
Full-glass frontage on the
first and second floor
Natural lighting and
ventilation
Ample parking
Freehold
Units
33 units only
Lot size: 1,650sq ft
(22ftx 75ft) or 153.3sq m
Built-up area: 4,950sq ft
(459.9sq m)
Price
From RM1,461,646

An artists
impression of
the modern
commercial
units that
will serve
as business
venues at Neuvo
Centro,

Easy ownership package

Deposit of RM15,000
Legal fees on sales and
purchase agreement and
memorandum of transfer
borne by developer (only
when using panel lawyers).
Terms and conditions apply.

Saturday 14 February 2015

StarSpecial 21

22 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

Premium holiday home

M

ALACCAS increasing
tourism appeal has drawn
a big influx of visitors
to this Unesco World Heritage
Site, which has resulted in the
mushrooming of new hotels.
Over the last few years, many
developers have launched hotel
suites and serviced apartments in
town for sale to savvy investors
looking to ride on the tourism
boom.
Interest in such hotel suites
and serviced apartments with
standard sizes ranging from 300sq
ft (27.9sq m) to 1,000sq ft (92.9sq
m) continues to be strong. The
price of these holiday apartments
vary from RM400 per square foot
to RM1,000 per square foot.
Now, a novel alternative
holiday home is available in
Malacca. Styled as premium loft
villas, Country Villas Resort is
offering landed terraced villas
with individual land titles. The
loft villas have a generous builtup area of 1,919sq ft (178.3sq m)
and feature two master bedrooms
each.
The en suite of the bedroom
on the upper floor has a long bath
and his and hers wash basins
with separate shower and toilet
cubicles. The villas ample built-up
area is made even more spacious
with a double volume living and
dining room space. A separate
powder room is also provided for
the convenience of guests. The
starting price of these loft villas is
below RM200 per square foot.

These villas are ideal for families or couples.

At three times the size and
at half to one third the price of
a typical one-bedroom service
apartment, these premium
loft villas will be an attractive
alternative holiday home concept
for discerning investors, says S.L.
Chan, spokesperson for Country
Villas Resort.
In addition to holiday house
buyers, the premium loft villas are
ideal for small families or couples
who want a generous living space

Ground floor villas have direct access to the swimming pool.

The premium villa at Country Villas Resort.

with bedrooms that are spacious

rather than numerous. With
only two master bedrooms, the
premium loft villas will be able
to meet the expectations of these
buyers.
Other than the premium loft
villas, Country Villas Resort
also offers two-storey terraced
villas with four bedrooms and
four bathrooms. The two-and-ahalf-storey terraced villas with a
convertible dual-key concept is
another offering.
Buyers can opt to have a
separate access to their lower
ground floor studio space, which
comes with an en suite bath and
terrace.
The project is nearby the Tiara
Golf Club and across the road
from Orna Golf and Country Club.
Buyers of Country Villas Resort
loft villas can sign up for a fiveyear membership with Orna Golf
and Country Club.
Besides the golf benefits,
Country Villas Resort plans to
build the CVR Club Residenz.
Once ready, the Club Residenz
will offer recreational and leisure
facilities, including a swimming
pool measuring 50m, gymnasium,
squash court, barbecue area and
club lounge.
There will be a limited number
of studios and two-bedroom
suites available for rent. The
ground floor suites will have
direct pool access.
With the relocation of the state
government agencies to Ayer
Keroh, the town is poised to be the
main growth area in Malacca. Ayer
Keroh has also been identified as
a stopover point for the proposed
Kuala Lumpur-Singapore High
Speed Rail. Both factors will help
make property investments in
Ayer Keroh a highly attractive
proposition.
These premium loft units are
now available for sale at Country
Villas Resort, located at Lebuhraya
Ayer Keroh-Bemban, Malacca.
n For more information, visit
countryvillaresort.com.my

Saturday 14 February 2015

StarSpecial 23

24 SOUTHERN PROPERTY StarSpecial, Saturday 14 February 2015

In light of GST

Did you know?

The Goods and Services
Tax Bill 2014 provides that
the tax shall be charged and
levied on (a) any supply of
goods and services made in
Malaysia, including anything
treated as a supply under this
Act and (b) any importation of
goods into Malaysia.
These are not considered
supplies:
Land under mortgage,
lien, or caveat
Entering or lifting of
caveat
Land title charged to
lender by developer to obtain
loan
Only when land is sold
and payment conferred is the
developer making a taxable
supply.

BY THERESA BELLE

UDGET 2014 brought quite

a surprise to the rakyat
Prime Minister Datuk
Seri Najib Razak announced
the introduction of a Goods
and Services Tax (GST) that will
replace the sales and services tax
(SST) effective April 1 this year.
This is part of the governments
tax reform effort to enhance
capability, effectiveness and
transparency. The consumptionbased GST is hailed as a more
transparent system as it is
present at every stage from the
manufacturer to the consumer.
Goods and services fall into one
of three categories:
Standard rated supplies,
which are taxable and subject to
the standard rate
Zero rated supplies, which are
taxable but not liable to GST at
output or input stages
Exempt rated supplies, which
are non-taxable and not subject to
GST at the output stage.
The government has fixed the
standard rate of 6% for goods and
services unless they are zerorated or exempt-rated. Taking this
uniformity into consideration,
GST is expected to increase tax
compliance with its clarity and
ease of administration.
Unlike SST, GST operates on a
negative concept meaning all
goods and services are subject
to GST unless exempted. SST
operates in the exact opposite
form in that only specifically
prescribed services are taxable.
The nature of GST provides a
wider tax base, which may be
the common cause for both the
governments approval and initial
public hesitation to accept the
change.

Property reality
Presently, there is no SST for
sales and purchases of property
by individuals. Under the GST, the
sale of commercial properties will
be subjected to 6% standard rate
if property costs RM500,000 or
more but residential properties
are exempted, explains president
of the Charted Tax Institute of
Malaysia, Aruljothi Kanagaretnam.
In the post-GST period, supply
of land and buildings used for
commercial and industrial
purposes such as shoplots, offices,
retail businesses, small office
home office (SoHo), small office
versatile office (SoVo), factories
and hotels will be subjected to
GST. Buildings with educational,
religious, charitable, or public
purposes are exempted.
While commercial and
industrial properties are both
standard-rated items under the
Goods and Services Tax, no tax
is passed on to the buyer when
it comes to residential homes
as they are listed as zero-rated
supplies.
However, being a zero-rated
supply means the cost is borne
entirely by the developer as they
will be unable to claim output tax.
Is this good or bad news for
prospective home owners?

Indications and predictions

The Real Estate and Housing

Where taxable import

services are supplied to a
recipient, the supply shall be
treated as a taxable supply
made by the recipient in the
course of furtherance of his
business.
A registered persons
failure to issue a tax invoice
when a taxable supply of
goods and services is made
in business is considered an
offence by the law.
n Adapted from Goods and
Services Tax Act 2014

Real estate tips for 2015

HERE are some things to keep in
mind when buying (or selling)
property this year.

Progressive billing for

standard-rated property under
construction is subject to GST.

(This is pending amendment

to the Goods and Services Tax
(Exempt Supply) Order 2014.)

Tips for the public

Check if the vendor is GSTregistered.
Check whether property
is commercial or residential in
nature.
Financiers or banks will
only offer loan facilities based
on the net purchase price of the
standard-rated property, which
is GST inclusive.

Tips for prospective home

owners
The market will be less
crowded so there will be more
options to choose from.
Consider looking into the
secondary or sub-sale market.
Residential property is an
exempt-rated supply purchase
price, rental and maintenance
charge are all GST exempted.

Tips for property developers

Prices displayed, advertised,
published or quoted should be
GST-inclusive.
Be mindful of additional GST
compliance costs.
Adjust prot and price to
meet buyers expectations.
Courtesy of
Chris Tan Chur Pim

director Datuk Soam Heng Choon

is optimistic about the impact
that GST will have on the property
scene. We anticipate the property
market to moderate across the
board there may be a softer
period post GST implementation.
However, property transactions
will eventually adjust accordingly
once the market digests the
impact, says Soam.
This sentiment is shared by
Jim Woon, general manager of
Horizon Hills Development Sdn
Bhd, who says GST would have
a minimal one-off effect on the
property market and we think
that the price will normalise
after a certain period of time. It
depends very much on demand
and supply.

Anticipating adjustment

Developers Association (Rehda)

has come forward in support
of the GST implementation,
which it considers to be a more
equitable taxation scheme in the
long run. Rehda has estimated
an approximate rise of 2.6% in
property prices with GST in the
picture.
There are worries that
developers will be unable to
absorb the increased costs,
according to Datuk Ng Seing Liong,
chairman of Rehdas task force on

accounting and taxation.

According to previously
published reports, Ng says most
public-listed companies are only
making 17% profit at most a far
cry from the projected 30% they
would need to fully cover their
costs post-GST.
This may lead to an increase
in purchase price within the
affordable boundary or a
compromise in terms of builtup area and quality of building
material, says Chris Tan Chur Pim,

a lawyer with more than 10 years

of experience in real estate and
author of The Most Wanted Series
GST.
Tan also predicts that the
market will slow down between
four and six months after GST
implementation. However, a
rebound can be expected since
there will be almost no impact
on consumer behaviour once all
prices quoted are GST inclusive.
However, IJM Lands chief
executive officer and managing

We can look to countries that

have implemented GST or valueadded tax (VAT) such as the
United Kingdom, the Philippines
and Australia for indicators of
market performance. These
property markets displayed
upward trends on prices, but it is
important to remember that price
structure is a function of demand
and supply.
This means that as long as
demand exists, property prices
can go up price increments are
not exclusive to any one factor,
GST implementation included.
Home buyers should not hold
on to the belief that everything
will be more expensive while
GST will certainly make its
mark in the property scene, the
initial impact may merely be a
result of the market shifting to
accommodate this change. GST
has the potential to standardise
the market but its full impact can
only be gauged once we see it in
practice this April onwards.